Hello Pezz, Today’s Report:
(a) Sold China Tracker finance.yahoo.com mentioned here Message 22548375 at HKD 62, marking off 9% profit collected in 25 days. The volatility is rewarding, but only if positioned correctly before the shaking & baking starts;
(b) Sold Japan Topix thingamajig quote.yahoo.co.jp mentioned here Message 22548272 at JYen 460, marking off 8% profit collected in … what a coincidence, 25 days again. The crisis is beautiful, but only if … yada yada yada before the shaking and baking starts; and
(c) Watching Modern Beauty advancing finance.yahoo.com robustly, meeting its destiny. Sold 20% at HKD 1.24, claiming a profit of 16% in so many days, weighted average probably around 20 days Message 22602913 . Will likely hold remainder for my China consumer wager, a small hedge against being wrong about the onset of global depression.
My basic policy is to off-load some risk before I start my holidays, wanting to be able to sleep soundly, without having to wake up in cold sweat.
I also wish to enjoy breakfast, outings, lunch, nap, snack, dinner, and mystery novels under conditions of near zero anxiety.
I would not want to accidentally hear bad news on some radio in passing, or see some bad news on other foreign language newspaper, not able to understand fully, and unable to access the Internet until much later.
I think we could have an ugly fall, and in the mean nasty time, a few tough Benny wobbles to keep folks in motion-sickness state.
I am not even thinking about selling down my paper gold hoard, well timed for final sale completion back here Message 22415700 , and repurchase back there Message 22594039 , because gold makes me sleep better, where as paper cash does not seem to do same.
OTOH, I may sell down on some oil companies and GDX, if the mood swings that way tonight.
Chugs, J |
